Thursday, March 21
Registration and Coffee
11:30 a.m. - 12:30 p.m.
The Donald F. Clifford, Jr. Distinguished Lecture
on Consumer Law:
The Consumer Advocate's Perspective
Michael D. Calhoun, President, Center for
Mike Calhoun serves as President of the Center for Responsible Lending
(CRL), a nonpartisan, nonprofit research and policy institute focusing on
consumer lending issues. CRL is the
policy affiliate of Self-Help, the nation’s largest community development lender. Self-Help has provided over $6.4 billion in
financing for first time homeowner loans and small business loans. Calhoun was
a principal drafter of the North Carolina acts regulating predatory mortgage
loans and mortgage brokers and lenders.
He has over twenty-five years of experience in consumer lending, has
authored numerous papers on the subject, and has testified before Congress and
many state legislatures. Prior to working for CRL, Calhoun was the head of
several lending divisions at Self-help, including the secondary mortgage market
programs. He is a former member and chair of the Federal Reserve Consumer
The Clifford Distinguished Lecture on Consumer Law was
established by the UNC School of Law and friends following Professor Clifford’s
death. Don Clifford was the Aubrey L. Brooks Professor and served as a faculty
member of Carolina Law from 1964 to 2004, specializing in commercial and
consumer law. He founded the law school’s very successful Festival of Legal
Learning and served as a member of the Board of Advisors for the Center for
Banking and Finance.
12:30 p.m. - 1:00 p.m.
1:00 p.m. - 1:50 p.m.
After Lunch Remarks
James M. Strother, Senior Executive Vice President and
General Counsel Legal Group, Wells Fargo
became executive vice president and General Counsel of Wells Fargo &
Company in late 2003. He is responsible for the legal affairs of the company.
Strother began his legal career with Larkin, Hoffman, Daly & Lindgren. He
then joined Norwest as Counsel and was promoted to Assistant General Counsel,
and then to Vice President and Assistant General Counsel. He joined Wells Fargo in 1998 as executive
vice president, General Counsel and Secretary of Wells Fargo Home Mortgage. In
2001, Strother was named a deputy general counsel of Wells Fargo & Company,
responsible for legal services for all the company’s consumer businesses
including lending, deposits, retail brokerage services, insurance, and
1:50 p.m. - 2:00 p.m.
2:00 p.m. - 3:30 p.m.
panel will discuss the status of the implementation of the Dodd-Frank Act by
the federal banking agencies and the FSOC.
The panel will provide an overview of implementation, review affiliate
transactions under Section 23A and Regulation W, discuss the prudential
regulations under Sections 165 and 166 of Dodd-Frank, and explore interagency
John A. Beccia, III, Boston Private Financial Holdings, Inc., Boston, MA
Scott A. Cammarn, Cadwalader, Wickersham & Taft LLP, Charlotte (co-coordinator)
A. Patrick Doyle, Arnold & Porter, LLP, Washington, DC (co-coordinator)
Patricia A. Robinson, Wachtell, Lipton, Rosen & Katz, New York, NY
James E. Scott, Adjunct Professor, Boston University School of Law, Boston, MA
3:30 p.m. - 3:45 p.m.
3:45 p.m. - 5:00 p.m.
Preemption: The Continuing
The panel will
discuss the evolving role of preemption in a post-Dodd-Frank world. The panel will offer the perspectives of a
regulator, a litigator, and an in-house practitioner advising a major financial
Walter Dellinger, O’Melveny & Myers LLP, Washington, DC
Phillip A. Wertz, Bank of America, Charlotte
Julie L. Williams, Promontory Financial Group, LLC, Washington, DC
5:00 p.m. - 6:00 p.m.
Sponsored by The Clearing House
This opportunity to mix and mingle with the
participants, including program speakers and the law students who produced the North Carolina Banking Institute Journal
is always a highlight of the Banking Institute.
The Clearing House is the oldest banking
association and payments company in the U.S., having been established in 1853.
It is owned by the world's largest commercial banks. The Clearing House Payments
Company provides payment, clearing, and settlement services to its member banks
and other financial institutions, clearing almost $2 trillion daily and
representing nearly half of the automated-clearing-house, funds-transfer, and
check-image payments made in the United States. The Clearing House Association,
LLC is a nonpartisan advocacy organization representing the interests of its
owner banks on a variety of important banking issues.
We are grateful to The
Clearing House for its generous support of this reception and of our New York
6:00 p.m. - 6:45 p.m.
2013 Banking Institute Annual Dinner**
This is a separately ticketed event, but it is included without additional charge for all speakers, students, those attending as corporate sponsors, or on other special admission rates. Please consider attending to spend more time meeting and talking with colleagues and to hear the after-dinner remarks.
Annual George and Susan Beischer Address:
Robert B. Albertson,
Principal & Chief Strategist, Investment Strategy, Sandler O’Neill +
Robert Albertson is a Principal and Chief
Strategist of Sandler O’Neill + Partners. He heads Sandler O’Neill’s Investment Strategy Group, which guides the
firm’s outlook on the financial services sector. He provides investment strategy for
institutional investors, consults with firm clients, and works closely with the
firm’s Executive Committee. Albertson is
also involved in the firm’s activities in emerging markets, particularly Brazil
and China. Albertson’s previous
employment included Managing Director, U.S. Bank Equities Research at Smith
Barney; Director of U.S. Bank Research and Global Coordinator for financial
research at Goldman Sachs & Co.; and founder and President of Pilot
Financial, a global financial sector investment fund focused on European,
Latin, and U.S. banks, brokers and specialty finance companies. Albertson is a member of the Bretton Woods
Committee, a member and former President of the Bank & Financial Analysts
Association, and is a regular speaker before banking industry and supervisory
Beischer Challenge George and Sue Beischer agreed to match up to $1 million of
gifts and pledges to the Center for Banking and Finance. The gift was completed in 2011 and celebrated
at the William Horn Battle Society Dinner on April 15, 2011. In honor of this transformative gift to the
Center, its board of advisors voted to name the after-dinner address at the
annual Banking Institute in honor of the Beischers. We mourn George’s death in
September 2011, and are pleased that the Beischer Address will be an annual
opportunity to remember George and to thank the Beischers for their generosity.
Friday, March 22
7:45 a.m. - 8:30 a.m.
8:30 a.m. - 9:45 a.m.
Operational Risk - The New Supervisory Priority
This panel will provide a working definition of operational
risk, identify its key components, outline the supervisory expectations of bank
regulators, discuss how institutions are responding to those expectations, and
review the enforcement and litigation consequences of operations risk failures. The panel will also address the role of
counsel in assisting client institutions in their operational risk mitigation
- John E. Bowman, Venable LLP, Washington, DC
- Eugene M. Katz, Wells Fargo & Company, Charlotte (coordinator)
- Richard J. Parsons, Charlotte
- Julie L. Williams, Promontory Financial Group, Washington, DC
9:45 a.m. - 10:00 a.m.
10:00 a.m. - 11:10 a.m.
This panel will discuss current regulatory capital and liquidity coverage topics, including
recent U.S. regulatory capital and liquidity developments, and current Basel
Committee and other international initiatives and their relevance to U.S.
regulatory and supervisory activities. The panel will also consider the impact
of regulatory capital and liquidity developments on the capital-raising,
funding, securitization, and balance sheet activities of U.S. banking
- Phil Capling, Senior Vice President, Wells Fargo Bank N.A., Charlotte
- Steven M. Friedman, Managing Director, Bank of America, Charlotte
- Carol A. Hitselberger, Mayer Brown LLP, Charlotte (co-coordinator)
- Charles M. Horn, Morrison & Foerster LLP, Washington, DC (co-coordinator)
11:15 a.m. - 12:30 p.m.
The Consumer Financial Protection Bureau
The panel will focus on initiatives and significant actions of the
Consumer Financial Protection Bureau as the agency nears its second
anniversary. The CFPB has emerged as one of the most powerful and influential
agencies in Washington with responsibility over virtually all bank and non-bank
providers of retail and consumer financial services. Following an overview of
the CFPB’s functions, the panel will offer insights in the Bureau’s exercise of
its three primary powers – rulemaking, supervision, and enforcement –
concluding with the panelists’ prognostications regarding Bureau actions in
2013 and beyond.
Lynne B. Barr, Goodwin Procter LLP, Boston, MA
- Meredith Fuchs, Consumer Financial Protection Bureau, Washington, DC
- Donald C. Lampe, Dykema Gossett PLLC, Charlotte (coordinator)
- Eric J. Mogilnicki, WilmerHale, Washington, DC
- Roberta G. Torian, Reed Smith LLP, Philadelphia, PA
12:30 p.m. - 2:30 p.m.
Center for Banking and Finance Board of Advisors Luncheon Meeting